3156 Fairmount Street
3156 Fairmount Street
$450,000
5
2
1,775
1,775
$254
Sold 6/18/21
Description
Price reduced $51,000 for a quick sale! We are pleased to present for sale 2 units in a Desirable Boyle Heights Location. This is the first time the property has been offered for sale in over 25 Years. The units are comprised of spacious single story 2 and 3 bedroom units. Rents are currently well below market level and have about +/- 120% of Rental Upside potential. The property falls within a block from the famous "El Tepeyac Restaurant Cafe" on North Evergreen Avenue, Situated East of East Cesar...Price reduced $51,000 for a quick sale! We are pleased to present for sale 2 units in a Desirable Boyle Heights Location. This is the first time the property has been offered for sale in over 25 Years. The units are comprised of spacious single story 2 and 3 bedroom units. Rents are currently well below market level and have about +/- 120% of Rental Upside potential. The property falls within a block from the famous "El Tepeyac Restaurant Cafe" on North Evergreen Avenue, Situated East of East Cesar Chavez Avenue and Adjacent to Downtown Los Angeles. Tenants enjoy the Close Vicinity to Shops & Restaurants on East Cesar Chavez Avenue and a short drive from the 5, 10 and 101 Freeways commuting to and from work. Sellers intend to complete a 1031 Exchange at no cost or delay to the Buyer. Rents stated are actual and below market rate. Property has Deferred Maintenance. OFFERS BEING SUBMITTED should be either cash or via hard money loan.
- Listed by Shant Sherbetdjian • DRE #01713570 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty
Property Details for 3156 Fairmount Street
Zoning
LAR2
Parcel Number5178005013
Total Units2.0
Living Area1775
Source Living AreaAssessor
AreaBoyle Heights (BOYH)
Vacancy RateNone
Lot Size Area5200
Location
LISTING UPDATED: 06/18/2021 11:41 AM
Property Details for 3156 Fairmount Street
Status | Sold |
---|---|
MLS # | 21-690086 |
Days on Market | 127 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1950 |
Lot Size | 0.12 AC / 5,200 SF |
County | Los Angeles County |
Location
Building Information for 3156 Fairmount Street
Stories1Residences-Year Built1950Building Size-Lot Size0.12 AC / 5,200 SF
Payment Calculator
$3,133 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3156 Fairmount Street
Property History for 3156 Fairmount Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3156 Fairmount Street
Taxable ValueLand$400,000Additions$244,500Total$644,500
Tax Record2023$8,125 ($677 / month)
Home Facts
Total Finished SqFt1,775 SqFtAbove Grade Finished SqFt1,775 SqFtLot Size5,200 SqFtStyleTriplexYear Built1950ZoningLAR2CountyLOS ANGELESAPN5178-005-013
Schools near 3156 Fairmount Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Malabar Street Elementary School PublicK to 6 | ||
Alliance College-Ready Middle Academy 8 Charter6 to 8 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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